SEZ: Govt gives time to 33 developers for executing projects

Seeking more time for developing projects and surrendering them reflects lack of enthusiasm in the tax-free enclaves

New Delhi, July 15 (PTI) The government has given more time to 33 special economic zone developers, including Uttam Galva Steels Ltd, Unitech Infracon and GMR Hyderabad International Airport Ltd, to execute their projects. At a meeting on July 6, the Board of Approval (BoA), headed by Commerce Secretary S R Rao, also allowed three SEZ developers to surrender their projects. The BoA is a 19-member inter-ministerial body that deals with Special Economic Zones (SEZs) and the issues related to them. http://www.business-standard.com/india/news/govt-gives-time-to-33-sez-developers-for-executing-projects/178729/on

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